They already got govt money. Now there is no need to put on a show.
No one is signing up for IFS. See recent post of CEO begging the great Elon.
IFS is already spinned into a new section. So its just so much easier to shred off the 30k employee.
17 replies (most recent on top)
INTEL should layoff the 2nd and 3rd level managers as they're completely useless power points admins.
For sure, SMG did not sell anything in Q1. AI PC too far away and no more PVC sales. So it is inevitable.
Mango LASSI ……..
My body is ready.
Intel will collapse sooner than expected. Big layoffs are unavoidable at this time. Be ready or be homeless.
TMG is de-d horse. I know because some of the FLMs there have no clue what they're doing
Profitable? That boat has sailed. We don't count profits anymore. That’s so 2019.
They can’t do that til TMG-F is profitable
They're splitting up the company
I guess we will find out in the all company meeting.
Probably mention layoffs next quarterly earnings report then execute layoffs in June. That government money isn't being used to hire people for sure. Bain Capital is working overtime on this one.
HR told me something big is coming and they have been stressed out preparing for it for the last month… thoughts?
Half of the employees 50k will be let go to save cost and boot stock price to $20
“The great Elon”… that’s an interesting point of view for someone on a layoff site. That guy is a contender for worst boss ever. Maybe Pat got pointers from him on cutting staff at no cost.
Exec's buyout is now limited to 2.99x tcomp
Intel management is concerned about increasing their own wealth. Period. Full stop.
They will throw employees out to the curb every quarter as needed to placate "wall street" in the hopes of boosting the stock, even if temporarily.
Pat and ELT don't give a blank about employees or "team intel" or any of that sh-t. The employees are nothing more than an expense on a spreadsheet to them.
Dead weight. No whale. FUBAR.